Northeast Utilities (NU) - November 19, 2007

[Harry Aloof]

From Wall Street Trader's Column

NORTHEAST UTILITIES (NU-NYSE): Technical Viewpoint: From a low of $56.35 on Oct 24, 2007 prices rallied, reaching a high of $66.47 on Oct 31, 2007. A decline saw prices pull back, reaching a low of $63.00 on Nov 8, 2007. Another rally saw prices penetrate resistance line "A", closing 11/16/07 at $66.83. Technicals: MACD Index (MACD): A Buy Alert! was given on Nov 18, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $64.75. Resistance: Is at $30.00. Point & Figure: Reversed to the upside on Nov 18, 2007. A P&F downside reversal takes place at $33.00. Summary: Technical indicators have turned bullish. BUY! NORTHEAST UTILITIES (NU-NYSE) @ $32.25 Stop: Use a protective stop of $30.25. NORTHEAST UTILITIES is currently trading @ $66.83 plus $1.34 on Nov 16, 2007.

Price Objective: $42.50
Risk/Reward: $2.00 VS. $10.25
Today's Risk Reward Ratio: 5:1